The good form of the American company arouses suspicion, in particular from the Competition Authority, which is starting to seriously get involved.
NVIDIA: the new tech giant victim of the growing interest of European governments in the sector? For the moment, it is mainly with the French antitrust police that the company is having problems. Indeed, while the agency had claimed to have searched the premises of a graphics card manufacturer, the Wall Street Journal confirmed that it is indeed the firm with the green logo which is concerned.
Too dominant, NVIDIA?
That large American companies dominate the technology market is nothing new. But cloud infrastructures and the evolution of artificial intelligence are increasingly the subject of public authorities’ concerns. The stakes are enormous, both for our society and for the companies entering these niches, and regulators want to have their say.
At least that’s what the French Competition Authority is doing, which has just launched an in-depth investigation into NVIDIA. The company’s French offices were raided on Tuesday September 26 to gather evidence of suspicion of ” anti-competitive practices », Indicates the agency.
NVIDIA has seen its revenues swell with the rise of the artificial intelligence sector. In its latest report, the company reported record revenue of $13.51 billion, an increase of 101% from last year. The company’s valuation even surpassed the $1 trillion mark in May, as it is essential to the development of tools such as ChatGPT.
What’s next for NVIDIA in France? For the moment, the French Competition Authority only reports suspicions, and its searches “ do not presuppose the existence of a violation of the law “, she specifies. However, given the position of the American firm in the new tech landscape, we can expect it to be a little more closely watched than usual in the months and years to come.
Source : Wall Street Journal
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